Flash News

TREE NEWS reports: The Brazilian real fell 8.2% at the spot market open, sliding to 5.42 per U.S. dollar. The move marks a sharp depreciation for the currency at the start of trading. No further details on the drivers or market context were provided.

TREE NEWS reports: JPMorgan has lowered its forecast for the Brazilian real’s exchange rate. The bank did not disclose the new target level or the size of the revision in the available material. The move comes as the real trades under pressure against the dollar.

TREE NEWS update: Chengdu issued implementation rules for completed-home sales, allowing developers to sign deposit contracts with buyers and collect deposits capped at 5% of the total home price after obtaining a construction permit. Developers must declare their intent to sell completed homes in writing to municipal and county housing authorities before receiving the permit. If a developer defaults and cannot deliver on time, buyers may terminate the deposit contract per its terms.

TREE NEWS reports: Bitcoin fell below $80,000 over the weekend as fears over Iran drove selling, with some relief appearing Monday morning as oil and rates declined. A heavy macro week lies ahead, featuring major earnings, an FOMC meeting and key data releases.

TREE NEWS reports: Brazilian real futures fell sharply and hit their trading limit after Luiz Inácio Lula da Silva won the country’s presidential election. The move reflects market reaction to the result, with the contract dropping enough to trigger exchange circuit breakers.

TREE NEWS reports: Brazilian stock index futures fell 15% and hit limit down after Luiz Inácio Lula da Silva won the country’s presidential election. The sharp move in the futures market followed the election result, with the contract dropping to its maximum permitted decline.

TREE NEWS update: UK Prime Minister Burnham said he hopes to see Britain rejoin the European Union in his lifetime, but that the goal remains far off and he will not seek re-entry during this parliamentary term. In an interview aired by ITV on the 26th, Burnham said reality has not met expectations in the decade since the Brexit referendum, with the exit process proving difficult and weighing on the economy while weakening control over immigration.

TREE NEWS update: Ukraine’s Verkhovna Rada on October 26 approved extending the country’s martial law and general mobilization until January 29, 2027. Earlier that day, President Volodymyr Zelensky submitted the bill to parliament to extend both measures by a further 90 days. The vote formalizes the continuation of wartime powers as the war with Russia grinds on.

TREE NEWS update: The Zigui Jiuzhou River anchorage project on the Three Gorges navigation route passed completion acceptance at an on-site verification meeting in Yichang, Hubei. The project is China’s first unmanned smart anchorage on an inland waterway and now enters formal operation, following on-site checks and document reviews.

TREE NEWS reports: Apollo plans to acquire nearly 10% of Mubadala Capital, the alternative asset manager backed by Abu Dhabi, people familiar with the matter said. The deal would deepen Apollo’s ties to one of the Gulf’s largest sovereign-linked investment firms. Terms of the transaction were not disclosed.

TREE NEWS update: Iranian Foreign Ministry spokesman Baghaei said on the 26th in Tehran that whoever wins Israel’s parliamentary election makes “no difference” to Iran. The statement was made during a press briefing. He did not elaborate on specific policy implications.

TREE NEWS update: Verizon reported third-quarter adjusted earnings per share of $1.31, beating the $1.28 estimate, while operating revenue came in at $34.3 billion against a forecast of $34.76 billion. The company raised its full-year adjusted EPS guidance to $5.04–$5.06 from $4.99–$5.04, versus a $5.02 consensus. Verizon maintained its full-year capital expenditure forecast of $16 billion to $16.5 billion, compared with a $16.34 billion estimate.

TREE NEWS reports: Spot memory prices in Shenzhen’s Huaqiangbei electronics market remain elevated despite a sharp pullback in A-share storage stocks, with some companies down more than 40%. 16GB DDR5 modules are quoted at 1,400-1,600 yuan, 32GB at over 2,000-3,000 yuan, and 1TB SSDs at 800-1,000 yuan. Prices have edged slightly off recent highs but stay near the top of their range, with traders describing a market where quotes hold firm but transactions are scarce.

TREE NEWS reports: Trend-following hedge funds suffered their worst week since 2024 as artificial intelligence-linked stocks fell. The decline marks the sharpest weekly setback for so-called trend followers in roughly two years, with the AI stock selloff driving the losses.

TREE NEWS update: China Aluminum International Engineering Corp. said it won an EPC contract for a 2.4 million-tonne-per-year alumina project in Vietnam, with a total contract value of $833 million, or about 5.595 billion yuan. The project is being developed by Vietnam’s Binh Phuoc Mining Co. and covers design, equipment supply, construction, installation, commissioning and training over a 27-month construction period from contract effectiveness.

TREE NEWS reports: The UK’s CBI retail sales balance for October came in at -10, up sharply from -55 in the previous month. The reading indicates that sales volumes continued to fall year on year, but at a much slower pace than in September.

TREE NEWS update: Rongsheng Development reported a net loss attributable to shareholders of 577 million yuan for the third quarter of 2026, swinging from a profit a year earlier. Q3 revenue fell 51.72% year on year to 2.997 billion yuan, while non-recurring net loss reached 898 million yuan. For the first nine months, revenue dropped 55.03% to 9.169 billion yuan and net loss totaled 1.603 billion yuan.

TREE NEWS reports: HSBC strategists led by Max Kettner moved developed-market government bonds to overweight from maximum underweight, saying their underperformance has become “excessive,” while shifting equities to neutral from maximum overweight. The team flagged the Middle East and oil, a possible pivot in the Federal Reserve’s hawkish stance, and hyperscaler free cash flow as its three themes for 2027, expecting the Fed’s hawkish posture to turn in the first half.

TREE NEWS reports: Bitcoin bulls fought to hold $80,000 support over the weekend as markets braced for a heavy week of US tech earnings and inflation data. The $80,000 level remains the line in the sand for BTC heading into the Federal Open Market Committee meeting and the corporate results slate.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on October 26 that the decision to resume trilateral Russia-US-Ukraine talks on the Ukraine issue does not mean military operations will be restricted. Russian forces will continue their special military operation and sustained large-scale strikes on Ukraine’s military-industrial complex and military and paramilitary targets, Peskov said. He made the remarks while commenting on a large-scale Ukrainian attack on Russia’s Voronezh region the same day, which killed 2 people and injured 17.